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Agency Affiliations

A business entity (agency) must update affiliate information as individuals join or leave the agency. An individual affiliated with the agency may be a licensed producer, DRLP, an owner with 10% or more interest or voting interest, partner, officer, director, LLC member, manager, or licensing coordinator.

Section 1205(2)(b) of the Michigan Insurance Code, MCL 500.1205(2)(b), requires a business entity to identify a Designated Responsible Licensed Producer (DRLP) in order to obtain a license. The DRLP is responsible for the Business Entity's compliance with the state insurance laws, rules and regulations. A business entity may have more than one DRLP. The DRLP does not have to hold all the same lines of authority as the agency; however, the DRLP is responsible for ensuring agency compliance with all laws and regulations.